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Burkina Faso, Africa's fourth-largest gold producer, has suspended exports of the precious metal from artisanal mining in a bid to "better organise" the sector and increase its foreign currency reserves[1][2].
The military junta leading the country aims to clean up the gold trade and curb the fraudulent export of gold, which has been fueling terrorism[1]. This move comes as the nation grapples with a jihadist insurgency that has disrupted mining operations and caused a 13.7% drop in gold production in 2022[1][3].
Citations:
[1] https://www.barrons.com/news/burkina-faso-halts-export-of-gold-from-artisanal-mining-11bf303d
[2] https://www.theeastafrican.co.ke/tea/business/burkina-suspends-export-permits-for-small-scale-gold-production-4532386
[3] https://www.mining-technology.com/news/burkina-faso-gold-output-drops/
[4] https://www.pwc.com/us/en/services/tax/library/argentina-adopts-new-promotional-regime-for-large-investments.html
[5] https://www.frontiersin.org/journals/sustainable-food-systems/articles/10.3389/fsufs.2024.1420945/full
[6] https://www.tridge.com/news/indonesia-raises-price-cap-in-palm-oil-domes-oojymt
[7] https://www.tridge.com/news/indonesia-raises-palm-oil-price-ceiling-in-d-hmllpi
[8] https://www.xm.com/fr/research/markets/commodities/reuters/indonesia-raises-price-cap-in-palm-oil-domestic-scheme-trade-ministry-says-53907818
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